High Tide Reports Record-Breaking Third Quarter 2026 Financial Results
High Tide reported record fiscal Q3 2026 revenue of $198.8 million (CAD), up 33% year over year and the fastest growth rate in 13 quarters, pushing the annualized run rate to roughly $800 million. Profitability grew faster than the top line: record adjusted EBITDA of $16.2 million (+53%), record operating income of $8.7 million (+133%), and record net income of $12.7 million versus $0.8 million a year ago, alongside $7.0 million in free cash flow.
Key figures
- Eps
- 0.13
- Revenue
- 198818000
- Guidance
- Reiterated long-term goal of surpassing 350 Canadian store locations and opening over 20 locations in calendar 2026; approaching $800 million annualized revenue run rate
- Revenue Yoy
- 33%
- Fcf
- 7017000
- Currency
- CAD
- Net income
- 12748000
- Diluted eps
- 0.12
- Store count
- 232
- Gross margin
- 27%
- Gross profit
- 52746000
- Elite members
- 186000
- Adjusted ebitda
- 16232000
- Remexian revenue
- 38200000
- Insider avg price
- 3.39
- Market share ex bc
- 14% (up from 13%)
- Adjusted ebitda yoy
- 53%
- Adjusted net income
- 2246000
- Bmo credit facility
- 40000000
- Cabana club members
- 2730000
- Adjusted ebitda margin
- 8.2%
- Income from operations
- 8710000
- Remexian volume tonnes
- 10.2
- Cash and restricted cash
- 47100000
- Insider shares purchased
- 90882
- Income from operations yoy
- 133%
- Annualized revenue run rate
- $800 Million
- Operating cash flow before working capital
- 11886000
AI analysis
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